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Fly News Breaks for January 31, 2018
JNPR
Jan 31, 2018 | 08:16 EDT
Stifel analyst Patrick Newton attributes Juniper's lower than expected Q1 outlook to continued pressure in its routing business and cloud end market. Although he thinks current headwinds will be largely transitory, he sees structural pressure on the router market and notes Juniper is underexposed to the cloud, the area driving growth. Newton keeps a Hold rating on Juniper shares and trimmed his price target on the stock to $27 from $28.
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